property No Further a Mystery

common property Group property intellectual property individual property property harm property destruction insurance plan property proper property tax community property

Review tenancy in prevalent at tenancy — Local community property : property held jointly by husband and spouse specially : property In particular from employment obtained by both spouse immediately after marriage that is considered in states using a Neighborhood property system to belong to equally spouses as undivided 1-50 percent interests

with the corporation : property belonging to a specific person — skilled terminable curiosity property : property passing to the surviving husband or wife that qualifies for your marital deduction If your executor so elects supplying that the husband or wife is entitled to acquire revenue in payments made no less than yearly for life Which no-one has an influence to appoint any Portion of the property to anyone other than the surviving wife or husband

see also antenuptial arrangement Be aware: In the majority of states, upon divorce marital property is divided In keeping with exactly what the court decides is equitable. — movable property : property (as personal property or crops) that may be moved — particular property : property (to be a automobile) that may be movable but not like crops or other resources even now hooked up to land : property apart from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources even now attached to or inside the land or enhancements or fixtures forever hooked up towards the land or possibly a composition on In addition, it : an curiosity, gain, right, or privilege in this sort of property

identified as also immovable property — separate property : property of the spouse that isn't Group property or marital property Particularly : property obtained by a wife or husband before marriage or separately during marriage (as by present or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial worth as a consequence of it the coverage plan restricted property problems protection to tangible property

These examples are programmatically compiled from different on the net resources For instance recent use of the word 'property.' Any thoughts expressed from the illustrations do not signify People of Merriam-Webster or its editors. Mail us feed-back about these illustrations.

— marital property : property obtained by possibly wife or husband throughout the system of the marriage that's matter to division upon divorce

see also asset, estate, curiosity sense 1, possession sense 1e — deserted property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator provides up the affordable expectation of privacy concerning it. The finder of deserted property is entitled to keep it, plus a law enforcement officer may well get possession of abandoned property as evidence without having violating the promise in opposition to unreasonable queries and seizures during the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is usually regarded as Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or safety interest Particularly : such property obtained following the creation of a lien or safety curiosity that is certainly subject matter into the lien or will become collateral for the security interest : property transferred to the estate of the decedent after execution from the will — popular property : property owned or employed by multiple celebration specifically : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states acquiring Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and unique excellent of a detail or a class.

a : a quality or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A different item or to the senses c : advantage feeling two d : an attribute frequent to all associates of a class

a : something owned or possessed specially : a piece of real estate b : the exceptional proper to have, enjoy, and eliminate a detail : possession c : some thing to which an individual or small business features a authorized title d : a person (such as a performer) that is underneath contract and whose perform is very beneficial e : a ebook or script procured for publication or manufacturing

property indicates a characteristic that belongs into a thing's crucial character and could be used to explain a sort or species.

see also QTIP have confidence in at belief Notice: Less than federal tax law the property need to be included in the gross estate website in the surviving husband or wife at their personal death, where by it can be matter to taxation.

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